An idea of what is going on. Correction or bear market? If correction = bottom is in. If bear market = waiting for 3000 to buy.
Solana has had 2 major runs so far this bull season and I'm expecting the last one in Q4 and Q1 of 2022. I think BTC will go to 144K at it's peak and then probably crash 50-60% (if we repeat the cycle fractals) then it will trigger final alt-season and it will run from 50-60K to 100K so SOLBTC at that point should be anywhere between 0.001 - 0.0015. Sol...
Couple of thoughts here on BTC.D. Waiting to see if this is a retest or a fake brake-out.
46.5K is the point of control - above and bulls are in control, below bears are in control. Bitcoin needs to hold the trend, blue fib channel. If it fails and enters the red fib channel, I think it's going lower. There's also volume gap at around 35.5K - doesn't need to be filled but it's something to think about. I'm still leaning slightly bearish because of...
Almost identical fractal from November 2020 and now since the July bottom. I'm not a big fan of fractals but the PA suggest we pay attention. 5 peaks (1-5) and corrective wave (ABC) - Bitcoin with a clear sign of weakness on September 6th and now sitting on November 2020 VWAP. I'd say 43K must hold and bounce of the 0.5 Fib uptrend channel - if it fails I'm...
Nice bullish setup with consolidation just beneath resistance and preparing for a second wave. I'm thinking $11 is the second target and 3rd wave could be anywhere from $15 - $22.
I believe BTC is about to make a bigger HL, here are some levels I will be watching. Closing below 39.5K and I think BTC could revisit range lows again at which point I would be looking to short it if there's something like bearish retest of 40K.
After breaking the top of the range I'm looking at 45-52K area for Log growth resistance.
ETH broke out of falling wedge, currently testing S/R, let's hope it holds.